Wednesday, November 12, 2008

Flipswap Lands $14M In Series B Funding

Los Angeles-based FlipSwap, which operates an electronics trade-in service for mobile phones and other electronics, said Wednesday that it has raised $14M in a Series B funding round. The funding came from RRE Ventures, and cleantech VC NGEN. FlipSwap's services provide incentives for consumers to trade in their old mobile phones and other electronics. The firm provides its software to retailers to give consumers credit for their old technology, based on the condition of the device, market demand, and inventory. The firm's services are currently available through such retailers are Amazon.com, Newegg.com, and Wirefly.com. More information »